National Bank (Greenville, NC)

View Charter #8160 on SPMC View balance sheet

Episode Information

Episode UID
816001572
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
81600 national
Charter Number
8160
Start Date
December 9, 1930
Location
Greenville, North Carolina (35.597, -77.375)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5a22d31f7393bda0

Response Measures

Full suspension

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1930-12-26
Date receivership terminated
1931-11-02
Share of assets assessed as good
56.5%
Share of assets assessed as doubtful
33.1%
Share of assets assessed as worthless
10.4%

Description

The bank experienced steady withdrawals for several weeks culminating in a heavy run that forced its closure.

Events (5)
1. April 5, 1906 Chartered
Source
historical_nic
2. December 9, 1930 Run
Cause Details
Steady withdrawals for several weeks and a heavy run immediately preceding the closure.
Measures
The bank closed its doors to protect depositors after failing to meet withdrawal demands.
Newspaper Excerpt
directors placing a notice on the door saying heavy withdrawals had made the action necessary for protection of depositors
Source
newspapers
3. December 10, 1930 Suspension
Cause Details
Heavy withdrawals and frozen assets (real estate taken in lieu of loan payments).
Newspaper Excerpt
The National Bank of Greenville failed to open for business today
Source
newspapers
4. December 26, 1930 Receivership
Source
historical_nic
5. August 28, 1931 Receivership
Newspaper Excerpt
Victor P. Wright, former Premont boy, receiver for the First National Bank of Greenville, N. C., winding up the atfairs of that institution.
Source
newspapers

Newspaper Articles (5)
1. February 14, 1930 The Greenville News Greenville, SC
Article from The Greenville News, February 14, 1930

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Article Text

Bank Of Chesnee In Examiner's Hands SPARTANBURG, Feb. The Bank of Chesnee, of Chesnee, 20 miles northwest of here placed its affairs in the hands of the state bank examiner at directors meeting at o'clock tonight. The institution lost a number of deposits when the Dollar Savings bank and the Carolina National bank of closed December 30, but the directors were able to restore confidence and stabilize matters until today when the failure of the Rutherford county banks and the American State bank at Gaffney. rendered the situation too acute for the Chesnee bank to continue operations. The deposits, at close of business yesterday, amounted to $228,793.26 showing decrease of about $106,000 since the published statement of December 31, 1929; capital stock of the bank was $50,000. surplus $20,000 and bills payable none.

2. December 10, 1930 The Buffalo News Buffalo, NY
Article from The Buffalo News, December 10, 1930

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Article Text

New York Stock Exchange TONE AGAIN WEAK ON BUFFALO BOARD and cood and and and common and SHEEP 5.000 fully fat held common good 3 MORE NORTH CAROLINA BANKS CLOSE THEIR DOORS RALEIGH 10 (U.N. North Carolina banks were in the hands the state banking de. partment today. involving some $700.000 in The bank D. Rockingham with deposits $400,000. capital $100,000 surplus $802,689.73 was closed by of frozen assets and fficials Citizens Bank of Farmville de. posits $215,306 capital surplus, closed The Bank Hobgood, deposits $49.261, capital $10,000. was closed by frozen assets authorities announced. GREENVILLE BANK CLOSES GREENVILLE Dec. 10 The National Bank of Greenville failed to open for business today, its directors notice on the saying heavy had necessary for protection of depositors 5c higher. Trading Continues at Fairly Brisk Pace as Prices Decline Through List. Prices again were weak on the Buffalo exchange Trading continued fairly brisk pace. Buffalo, Niagara Eastern preferred, Commercial Share Iroquois Share and Niagara steady and unchanged from their previous closes Liberty Share sold off to new low for the year at 20. T Securities was fractionally higher. Bank somewhat irreguFirst National declined half above its and Trust steady and unchanged Union Natural Gas registered the largest This stock sold down eight new low for the year at was the first in this issue in several months. Bonds also moved lower. Niagara Share entered low territory for the year Western New York point to Liberty Share and Danahy Faxon were both ex-dividend 25c today The following quotations represent only those prices shares stocks listed here and 50 shares for which the trading ten shares. STOCKS Sales High Low 10% 10% 675 BANK AND INSURANCE STOCKS First 839 Midland INVESTMENT TRUSTS AND SHARE 14 Share Liberty Share xd M 13% 3169 176 do warrants UNLISTED SECURITIES 160 Union 16% BONDS 106% 102 do 101% 1000 WNYW 93 BID AND ASKED The quotations show the bid Calves Sheep but Stock which no round sales made grades of STOCKS and and Dividend Bid Sales Abstract here was the Gen pfd bids Buffalo Corp can and Deco $1 rams do pfd $3.50 Ford Inc Choice 1100 Niagara Arbitrage Fair good Plain Ice Cream $2.40 Long and yearlings 86 150 Best 115 Medium good Good Title Mortgage $1.20 Common Ward & Dickinson Water Good 5.00@ BANK AND INSURANCE STOCKS butchering Kenmore East Side National good State Kenmore 95 bulls INVESTMENT TRUSTS AND SHARE Milkers and springers Hog prices under with 13 UNLISTED SECURITIES Good Int 20 weight 240 Air Trust Natural Buffalo deb 106 Buffalo 95 Buffalo The was Fed Sheep Flexlume were Power Spring lambs yearlings Share The demand was Kellogg 98 Monday WNYW 30 1st also ranging from $10 OVER THE COUNTER STOCKS EX-DIVIDEND TODAY Bank Note 50c: com. extra American Safety Razor $1.25. American Tobacco pf. Armour Co. of ni. Armour & of Del. pf. Bendix 25c. Commercial Solvents 25c Cons. Cuba pf. $1.50. Crown Cork 25c General Railway Signal Liggett Myers pf. $1.75 Monsanto Chemical 311/4c; stock PREFERRED DIVIDEND DEFERRED NEW YORK 10 Directors of H. Mallinson & Co., Inc., silk manufacturers announced that declaration of the regular dividend on the cumulative preferred stock payable on Jan. had been deferred, owing to general business conditions DRY GOODS NEW YORK goods markets with cloths quoted for 64x60s and at 614 for 68x72s. Raw silks were quiet and Pure Oil 514% pf. $1.25; 6% $1.50: pf Reo Motor Car 20c Rhine Westphalia Elec. $2.14 United Aircraft pf. $1.75 & pf 75; pf. $1.75: pf. and pf. accum Yale & Towne Mfg. 50c. Low Stock Div rate Open High Low 2:50 Stock & Div Open High Low Stock rate Open High Low 2:50 Div rate Open High 40% 401/2 40% Midl'd Steel 211/2 United Cigar Cudahy Curtiss Wright Mo United Abitibi 10 10 Uni Wright Adams .60 40% 40% 39% 39% Mo Pacific 26 United Cutler Ha Adams Millis Mo Un 26% 27 26 Adv Rumely Mohawk 11% 28 271/4 Davison Chem 15% Adv Rumely Montg 20 18% For 9% Deere 22 Ahumada Lead 24 23 137 136 Mother Air Reduct 100 97% Motor 29 29 28 28 Airway 101/4 10 10 Dela 170 Ind 611/4 62 59 59 Detr 170 170 170 Ajax Rubber 30 30 30 Dev *1.20 Muns'gwear Alaska Juneau 6% Murray Bod 12% 12% 12% Real 30% 29 29 Mines Alleghany Cor Myer Bros 38% 38% Rubber 14% 15 14 14 Allied 200 Dom Stor 63 61% 61% Rub 34% 34% Drug Inc 88 83% 83% Nash Motor 27 25% 25% 20% 201/4 DuP Acme Am Nat 1441/4 East Kodak 156 157 151% 152 Am 73% United Am Note Eaton Univ 28 2.40 33% Eitington Am Universal Pipe 2% 2% 2% Am Nat Dairy 2.60 Util 23% 24 Am Can Electric Boat Am Can Elec Nat 23 Am 35 35 Nat 531/4 Am Chain Erie 38% 38% Vulcan 41% Am 10% Au Am Evan Surety 48% Am 23% Am Fash Park 96 12% Am Fair .60 Ward Bak Fed 2534 Am 2.60 161/2 Nickel 75% Firestone Am *2 First 2.50 N Y Inves 1.20 5% 5% Am Fisk Rubber Warn Quinlan New Am 15 Web Eisenlohr 18 Am Wheel 50 Wesson Oil2 Foster West Maryland. 61/4 West Fourth Inves 196% 194% 130% Am 181/2 West 130% Film Am Republics West Freeport 31% Am Am Am Westing Gabriel Am Weston Gardner North'n 507/8 Am Ref Westvaco 65% Am Snuff White Am Ohio 181/8 Am Stores*2 Oliver Farm Am Sug Wilson Am Collins Woolw 60 Am Elev 2.50 73 Worth Pump Gen .60 Am Otis Steel 68 67% 67% Tobacco 5 Wrigley Jr4 Am Tobac Owen 30 Am 125% Yale Town 2 31 Am Pacific 47 Yellow 56% Young 8% 751/4 75 75 Young pf 42 Am 42 27/8 2½ Zenith Radio Am Tilford 34 34 40 Exchan LIVESTOCK Pathe Arch Da Mid 1.20 Motor EAST BUFFALO, Dec Del pf Cattle Armour Ill A 36 Armour Apparel 2.50 205 205 202 205 Marq Grand 23 23 Ref 16 Oil Pierce Mot Grigsby Gru Prairie Hahn Bros Hartman Helme G Hershey Hem 40 40 Her Am 13% Houst 18% 21 20 20 Hudson 22% Hupp Refine 48 13 Ingersoll Ra Springs Inland Steel Bucyrus Erie Insurans Richfield Budd Co Budd Wheel Int 50 50 Bullard Co 201/2 Bulova Ro 3.22 40% Bros 50% Bush 2.50 53% Bush Sup Butterick 10 14% Schulte 49% Calu Hecla Inc Cam Sharon 2.50 Quotations Can Dry Gin Can This and asked market on securiCull to fair Simmons C ties on the Buffalo 30 Pet Stock Sales in the Celotex Co LIVESTOCK Equity market are 1.50 CHICAGO Depart STOCKS 7000 Dec 421/4 Pas Stocks Trading : 18 Jordan Trading 22% Check Union Chesa 58 Chesa 40 3834 Corp 200 Alton Ellicott Traders Inc Empire Chi Martin Schwarts lbs. Liberty Share dep Sparks 24% Spiegel CATTLE choice Kinney INSURANCE STOCKS Brands Firemen's steady General Alliance Kresge Chi some Harmonia Krueger 23% BANK STOCKS Commercial Chi 1300 Lambert 79 BONDS Chi and Depew Lancaster L&P 52% 101 50 46 21% 21% 24 44% Loews Inc 22% 23% Superior Loft 9% 9% 9% Col 49% Col Carbon *6 501/2 50% 281/4 Graph .75 9% Texas 98 Oil 4% 4% Pac Louis 95 95 Com Credit Texas Land Com 60 Ludlum Steel Thermoid Co 25% Com' Third Ave Ry 60 8% Mack Truck Tidew 7% Macy 1021/4 Timk 80 Congoleum Congress Cig Timken RB3 45 Consol Magma Products Con Film Ind 2. 10% Con Man Consol Tran Marine 1.20. 20% 20% Cont B Cont Baking Marlin Cont Baking B Marmon Trico Cont Bak Mars Field 2.50. 301/2 Cont Can Martin Parry Twin RT 91/4 9% 9% Contin Ins Math Contin Motor Und 63 63 Maytag Un Bag Cont Shares Un Carbide Corn Prod *3 75% McKees Tin 23% Coty Inc 141/4 Pacific 10 181% 178 Cr Wheat *2. 29 30 30 25 Crosley Uni Cr Miami Un 54 54 54 Crucible Stl 53 52% 43% 43% Unit Cuba Am Sug Pet2 Unit Carb 21% 21% 201/4 201/4

3. December 10, 1930 The Greensboro Record Greensboro, NC
Article from The Greensboro Record, December 10, 1930

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Article Text

BANK CLOSED IN GREENVILLE National Bank Fails to Open Doors This Morning; Blame Heavy Withdrawals GREENVILLE, N. C., Dec. 10.(AP)-The National Bank of Greenville failed to open for business today, its directors placing a notice on the door saying heavy withdrawals had made the action necessary for protection of depositors The bank, capitalized at $100,000, had deposits of $1,021,222 on September 24, the date of its last public statement J. L. Little was its president and F. J. Forbes its cashier. The decision to close the bank was reached at meeting of the directors which began last night and lasted until early today. They revealed there had been steady withdrawals from the institution for several weeks. The bank held large real estate holdings here. including handsome four-story building in which It was housed. Much of the other real estate had been taken in lieu of payments of loans made by the bank. Officers of the Greenville Bank and Trust company and the H Industrial bank, only other banking houses in Greenville, said they had had some withdrawals this morning following the closing the National bank, but that deposits were greater than withdrawals. They said they were fully prepared to meet any demands depositors might make upon them.

4. December 10, 1930 Ledger-Star Norfolk, VA
Article from Ledger-Star, December 10, 1930

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Article Text

Bank At Greenville, N. C., Closes After Heavy Run Greenville, Greenville National Bank of The business today. failed to open for its directors placing notice on had the saying heavy door made the action necessary for protection depositors. capitalized at bank, had The deposits $1,021,222 Septem- public of its last ber 24, the date Little was its presistatement. dent and F. J. Forbes its cashier. OF NEW YORK BANK York the Bank Directors declared Trust addition the regular was paid year similar extra

5. August 28, 1931 Fremont Tribune Fremont, NE
Article from Fremont Tribune, August 28, 1931

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Article Text

LOCAL BREVITIES Rleased Heumann Max was released Thursday, after being are rested on charges of indecent exBusiness at Lincoln - Chief of Police James Sylvis and Officer W. Merriam spent part of Friday in Lincoln, on business trip. Elevater Repairs - The elevator in the county was being repaired Friday getting its annual going over. The cables have been refastened to the cab. Marriage License- -Conrad Walter Woslager, 18, Snyder, and June were granted license to wed by County Judge Fred C. Laird, Thursday Given License- Herbert Reynolds, 22. Fremont, and Elizabeth Carolyn Mohr. 18. Arlington. were granted marriage license at the office of County Judge Fred C. Laird Thursday afternoon. Investigntion - Jack White was arrested Thursday evening by Officer Cotimes, when he was booked for James L. Burrell, who was booked at the local police station this week for Inveswas Ask Appointment- Fred H. Richards and Redfield P. Richards have filed their petition asking for the probate of the last will and testament of Lucius D. Richards, and asked for the appointment themselves as executors of the st- Bank Receiver- Victor P. Wright, former Premont boy, receiver for the First National Bank of Greenville, N. C., winding up the atfairs of that institution. "Vic" Wright learned the banking business in the old Commercial National bank of Premont, entering that institution when he finished school He has been connected with numher of banks in the middlewest since leaving Fremont, and for PAULINE HOLTORFF A CONTEST WINNER WAHOO, Aug. 28-At the first a series amateur theatrical performances, Wednesday night, Miss Pauline Holtorff of Malmo, who presented two xyophone numbers: "Mighty Lak Rose" and "What the Use, was announced. by the judges, as winner in the contest, Others competing Wednesday night were: the Misses Daphne and Dagmar Payne of Yutan, in novelty tap on the plano, by Eunice Ohslund: Norma Erickson, 10-year-old daughter of Mr and Mrs. Ray Erickson. gave two whistling solos "Glow Worm" and "Roses of Piccardy," she was accompanied on the plano by Edna Peglow Adel Sudik sang solo, "An Old Fashioned Garden" with Mrs. O. H. Person at the plane. GERMANS PERPECT STARTLING X-BAY BERLIN- most powerful Xray tube in the world has been completed by two German scientists, Professors F. Lange and A. Brasch, of the University of Berlin. More powerful than all the radlum in the world, this tube said to be It utilized 2,600 volts electricity. and is powered by surge generator of the condenser type. It produces hard gamma rays equal to 100,000 grams of radium. It is constructed of more than 200 layers of paper. rubber and aluminum, and in only three long. PARIS report delivered to the League of Nations by the French government sets the military strength of the country at 317,000. minimum compatible with securThis army compares with the 810,000 men in the ranks in 1913. before the outbreak of the World war. semetime has been Identified with receiverships. He writes Fremont friend that he hopes to be transferred to the when he closes the affairs of the bank there.